Property investors who have had real estate in Cammeray, 2062 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.72%
When looking at the potential capital gains offered to property investors over the last 3 years, Cammeray comes in at number 656th in NSW.
LACK OF BUYER INTEREST may well be the reason that Cammeray is offering property investors an average of -5.76. This rate of discount on properties puts Suburb at number 65th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
Property investors should expect to get $1200 weekly from the median priced house in this suburb.
Investment property in Cammeray has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.99%
Cammeray,2062 was ranked 771 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Cammeray are currently offering property investors an average price cut of -4.71% below the asking price at the moment.
In the last year 120 properties changed hands in Cammeray, which puts it as the 120th most active market in NSW when comparing the number of sales per suburb.
A suburb with a premium location just 5km from the Sydney CBD, Cammeray is experiencing rising unit stock, as the number of apartments listed increased from only 6 to 20 over the past 12 months leading up to November 2017Full summary
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Units dominate the market
Median unit price: $1,058,750
Stock on market: 115.4%
12-month growth: 18.3%
A suburb with a premium location just 5km from the Sydney CBD, Cammeray is experiencing rising unit stock, as the number of apartments listed increased from only 6 to 20 over the past 12 months leading up to November 2017.
The suburb overlooks the water, and is well-stocked with sought-after amenities including restaurants, cafes and a couple of shopping hubs, namely Green Park and Stockland Cammeray. The latter is home to the Harris Farm Markets. There are also several schools here, including Cammeray Public School and Anzac Park Public School, both of which offer primary education. Cammeray Children’s Centre acts as preschool and a childcare centre.
Cammeray is highly accessible thanks in part to the Long Gully Bridge, which links to suburbs in the north.Close